Common use of Cancellation for Lack of Funding Clause in Contracts

Cancellation for Lack of Funding. The resultant agreement may be canceled without any further obligation on the part of the IUC-PG or its member institutions in the event that sufficient appropriated funding is unavailable to assure full performance of its terms. The Contractor(s) shall be notified in writing of such non-appropriation at the IUC- PG’s earliest opportunity.

Cancellation for Lack of Funding. The resultant agreement may be canceled without any further obligation on the part of the IUC-PG or its member institutions in the event that sufficient appropriated funding is unavailable to assure full performance of its terms. The Contractor(ssupplier(s) shall be notified in writing of such non-appropriation at the IUC- PG’s earliest opportunity.